RTTNews | Oct 8, 2021 10:12AM EDT

10:12 Friday, October 8, 2021 (RTTNews.com) - Agile Therapeutics, Inc. (AGRX) shares are sliding on Friday morning trade after the company announced $22.67 million underwritten public offering of its common stock and warrants at a combined offering price of $0.85.

The offering is expected to close on or about October 13, 2021.

The shares of women's healthcare company have been on a downtrend for the last several months and are currently at its year-to-date low. Currently, shares are at $0.67, down 29.01 from the previous close of $0.94 on a volume of 4,993,065. For the 52-week period, the shares have traded in a range of $0.67-$3.77 on average volume of 652, 890.

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